StockNews.com Initiates Coverage on Rave Restaurant Group (NASDAQ:RAVE)

Research analysts at StockNews.com started coverage on shares of Rave Restaurant Group (NASDAQ:RAVE) in a research report issued on Saturday. The firm set a “buy” rating on the restaurant operator’s stock.

Rave Restaurant Group Trading Down 0.7 %

Shares of NASDAQ RAVE opened at $3.02 on Friday. Rave Restaurant Group has a 12-month low of $1.64 and a 12-month high of $3.36. The company has a market cap of $44.42 million, a price-to-earnings ratio of 16.78 and a beta of 0.56. The stock’s 50 day simple moving average is $2.86 and its 200 day simple moving average is $2.21.

Rave Restaurant Group (NASDAQ:RAVE) last issued its earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share for the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%. The firm had revenue of $3.36 million for the quarter.

Institutional Trading of Rave Restaurant Group

An institutional investor recently raised its position in Rave Restaurant Group stock. Geode Capital Management LLC raised its holdings in shares of Rave Restaurant Group, Inc. (NASDAQ:RAVE) by 36.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,864 shares of the restaurant operator’s stock after acquiring an additional 34,977 shares during the period. Geode Capital Management LLC owned approximately 0.88% of Rave Restaurant Group worth $264,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.12% of the company’s stock.

About Rave Restaurant Group

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.